AI, Bitcoin and Blockchain technology accelerate development, reshaping the future financial landscape

ARK Invest released the 2024 "Big Ideas" report, focusing on the development trends in cutting-edge technology fields such as artificial intelligence, Bitcoin, and public chains. The report predicts that by 2030, the price of Bitcoin is expected to reach $1.5 million, and AI agents will bring about epoch-making changes.

Bitcoin: The Global Currency System is Becoming More Mature

• Bitcoin will hit a historic high in 2024, with spot ETFs becoming the most successful ETFs in history.
• After the 4th halving, the annual inflation rate of Bitcoin dropped to 0.9%, lower than the long-term supply growth of gold.
• Despite the decline in miner income, the Bitcoin hash rate has reached a new high, indicating that confidence in its long-term viability remains strong.
• The trading volume has surged, thanks to the launch of the Runes protocol.
• In 2024, significant selling pressure is absorbed, and prices still rise substantially.
• The number of Bitcoins held by listed companies has surged, with the total cost basis reaching an all-time high.
• Bitcoin transaction speed has dropped to its lowest in 14 years, highlighting its role as a store of value.

ARK predicts the Bitcoin price target to be $1.5 million/BTC by 2030.

The rapid development of AI computing is reshaping multiple industries

• By 2030, AI computing performance is expected to improve by more than 1000 times per dollar.
• AI will unleash tremendous market opportunities in fields such as autonomous driving, drug development, and software engineering.
• The development of neural networks accelerates other disruptive technological advancements.
• AI, energy storage, and public chain advancements are crucial for technological development.
• Disruptive innovation may account for more than two-thirds of the global stock market, with a compound annual growth rate of 38%.

AI Agents: Redefining Consumer Interaction and Business Processes

• AI Agents will change the way consumers search and discover.
• By 2030, AI advertising revenue will account for 54% of digital advertising, and AI shopping will account for 25% of online sales.
• Digital wallet procurement agency becomes the core of shopping, enhancing platform value
• Deploying AI Agents in enterprises can enhance productivity and handle more high-value tasks.
• AI is reshaping the software value chain, driving a huge explosion in the software industry.